In Ely, home prices noticeably dropped 5.2 percent last year to reach $117,532 from a previous $124,036. In terms of inventory, the number of homes for sale increased marginally year-over-year by 1.9 percent, a positive trend for future house hunters looking to buy a piece of this place's real estate. Steep yourself in history and bring those bygone days into your present with the historic estates that are spread around this vicinity, letting you find the perfect balance between old and new. The tasteful and elegant landscaping often found on properties in this city results in a feeling of class and sophistication throughout the area. Every home becomes cozier with a fireplace, and you'll find this feature in plenty of Ely's properties.